Corporate Money articles from December 2000

Corporate Money archives from December 2000

CAPITAL MARKETS.
December 6, 2000... BONDS The week was dominated by British Telecommunications record $10bn bond issue. It was divided into four tranches: a $2.8bn 30-year bond, a $3.0bn 10-year note, a $3.1bn five-year bond, and a $1.1bn note to be paid by 2003. The high...

MAJOR DEALS.
December 6, 2000... MAJOR DEALS EQUITIES Issuer Market Value ([pound]m) Reed International Official List 617.93 Crown Sports AIM ...

COSTS OF CAPITAL.
December 6, 2000... COSTS OF CAPITAL 3 Mth Money 10 Yr Bond Div Yield PE Ratio France 4 31/32% 5.08% 2.07% 19.70 Germany 4 31/32% 4.95% 1.50% 21.50 Japan 9/16% 1.58% 0.69% ...

M&A WEEKLY SUMMARY.
December 6, 2000... M&A WEEKLY SUMMARY [pound]m No Year to date Total 855.14 35 380,251.96 1,805 UK Public Bids/Mergers 378.74 4 161,289.97 225 Private Equity 198.20...

M&A NEW BUSINESS.
December 6, 2000... M&A NEW BUSINESS ACCOUNTANTS KPMG 444.20 3 Arthur Andersen 345.30 3 PricewaterhouseCoopers 59.56 4 Deloitte & Touche 12.00 1 FINANCIAL...

General Mills sold for [pound]285m.
December 6, 2000... Focus Do It All, a UK DIY business, bought the General Mills DIY stores from the RMC Group, UK construction materials supplier, for [pound]285m in cash. RMC says the sale allows it to concentrate on its key concrete and cement businesses. The...

Gucci signs McQueen.
December 6, 2000... Gucci Group, the Italian luxury goods maker, said its signed an agreement with British designer Alexander McQueen to develop a new clothes label which will bear his name. Gucci holds a 51% stake in the venture, while the designer takes the...

Easy Jet raises more cash.
December 6, 2000... Easy Jet, a UK low-cost airline, raised a further [pound]29.3m from last month's IPO following the move by its investment banks to exercise their over allotment options. As a result gross proceeds from the share sale have risen to [pound]224.6m...

Freeserve in [pound]1.6bn deal.
December 6, 2000... Wanadoo, the French Internet service provider, said it will buy UK rival Freeserve in an all-stock deal valuing the company at [pound]1.6bn creating a larger company able to offer more services in a consolidating market. Wanadoo, which is...

Cobham buys BAE unit.
December 6, 2000... Cobham, the UK engineering company, said it agreed to buy the Power & Control unit from rival BAE Systems for [pound]63.73m in cash to expand its flight refuelling manufacturing division. The unit recorded sales in the nine months to...

Irish government bank in sale.
December 6, 2000... The Irish government is to sell two state-owned banks, ICC Bank and TSB Bank, for a total of [pound]477m as part of its ongoing privatisation programme. Irish Life & Permanent will pay [pound]263m in cash and stock for TSB, a retail...

BT in $10bn record bond deal.
December 6, 2000... British Telecommunications, the largest fixed-line telecom operator in the UK, raised a record $10bn on the global bond market to pay off debts ran up as the company bid for expensive third generation mobile phone licences across Europe this...

Adprotech raises [pound]13m.
December 6, 2000... Adprotech, a UK biotech business, said it raised [pound]13m in its third round of funding from a consortium led by existing shareholder 3i Group. Adprotech specialises in protein engineering which exploits natural features of the body's immune...

AA sells bank stake.
December 6, 2000... Anglo America, the London-listed mining company, said it was selling a 74.5% stake in South African banking group FirstRand to Remgro, an investment company. Anglo America sold it stake for stock in mining concerns held by Remgro. Anglo...

SurfControl in Aussie deal.
December 6, 2000... SurfControl, a UK Interne access control company, said it bought two Australian companies to expand its global presence for a total of [pound]5.4m in cash and stock. The first, EmU Tech filters emails; while the second, Lanvision, is a new...

CVC expands.
December 6, 2000... CVC Capital partners, the private equity firm, has opened a new office in Zurich, Switzerland bringing the number of countries it operates in up to 11. Dr Christian Wildmoser becomes the managing director of the new office.

Appointments.
December 6, 2000... Sullivan & Cormwell has poached three French lawyers to boost its Parisian mergers and acquisitions and capital markets practice. Gerard Mazet, Jean-Pierre LeGall and Richard Vilanova join from Paris-based law firms Jeantet & Associes, and...

Finnish [epsilon]407m bank deal.
December 6, 2000... Finnish financial services group formed by the merger of Sampo Insurance and Leonia Bank is buying Mandatum Bank for [epsilon]407m in stock to add an investment banking arm to its range of services. Sampo-Leonia will offer 5.5 of its...

Thomson buys Philips TV units.
December 6, 2000... Thomson Multimedia, a French consumer electronics manufacturer, agreed to buy a majority stake in five Philips Electronics' professional broadcasting units. Thomson said the move is part of its plan to become a leader in broadcasting hardware...

Deutsche Bank.
December 6, 2000... Deutsche Bank, Germany's largest bank, said it would streamline its business into two units early next year. Its investment banking and corporate services division will be in one group; while its asset management, private banking and retail...

ENI in [epsilon]1.1bn sale.
December 6, 2000... Eni, the Italian oil and gas company, completed its disposal programme of non-core businesses with the [epsilon]1.1bn sale of its property assets to US investment group Goldman Sachs. Eni, in which the Italian government holds a 35% stake, said...

Lafarge and Blue Circle deal.
December 6, 2000... Lafarge, the world's largest marker of building materials, and Blue Circle, the UK cement maker, agreed to jointly acquire Pan African Cement (PAC) from venture capital company CDC Capital Partners. PAC owns stakes in cement companies in...

Granville's German deal.
December 6, 2000... Granville Baird, the UK investment bank, and German banks Helaba and Bayerische Landesbank have formed a joint investment banking venture called HBB Capital Advisers Group. It will initially focus on mergers and acquisitions in Germany, and...

ACQUISITIONS.
December 6, 2000... ACQUISITIONS Bids, mergers, demergers and disposals - week ending 03/12/00 BIDDER TARGET Andritz Universal Milling...

ABP sells Red Funnel.
December 6, 2000... Associated British Ports (ABP), the UK port operator, said it sold its Red Funnel ferry and towage unit for [pound]71m in cash to JP Morgan International Capital, the US bank's private equity arm. ABP said the sale was part of its plans to sell...

William Baird.
December 6, 2000... William Baird, the beleaguered UK clothing manufacturer said it has agreed to sell its men's suits division for [pound]19m to a management buyout team. The Glasgow-based company, which is currently suing former client Marks & Spencer, said it...

MBO at Coats Viyella.
December 6, 2000... Coats Viyella, the UK textiles company, sold its loss-making contracts clothes division to a management buyout team for [pound]12m in cash, Coats will keep [pound]17m of the unit's assets which it will sell separately. In the six months to June...

Medisys enters the US.
December 6, 2000... Medisys, a UK biomedical company, agreed to buy the diagnostic products unit, Medgenesis, from US rival Chronimed for $40m in cash and stock, to expand into the US market and enlarge its diabetes monitoring business. Medisys will pay $30.5m in...

EQUITY ISSUES.
December 6, 2000... EQUITY ISSUES UK equity issues - week ending 03/12/00 BIDDER ADVISERS Crown Sports Nomad: Beeson Gregory Holding company Norm br: Beeson...

Corporate Money Top 35 Law Firms.
December 6, 2000... Corporate Money Top 35 Law Firms by deal value (2000 year to date) Law Firm Value [pound]m No. 1 Slaughter & May 106,331.37 89...

Corporate Money Top 10 Accountants.
December 6, 2000... Corporate Money Top 10 Accountants by deal value (2000 year to date) Accountant Value [pound]m No. 1 PricewaterhouseCoopers 47,288.78 163 2 KPMG ...

Corporate Money Top 35 Financial Advisers.
December 6, 2000... Corporate Money Top 35 Financial Advisers by deal value (2000 year to date) Financial Adviser Value [pound]m No. 1 Goldman Sachs ...

Corporate Money Top 10 Brokers.
December 6, 2000... Corporate Money Top 10 Brokers by deal value (2000 year to date) Broker Value [pound]m No. 1 Cazenove & Co 87,072.09 58 2 Hoare Govett ...

Corporate Money Top Placing Brokers.
December 6, 2000... Corporate Money Top Placing Brokers by deal value (2000 year to date) Broker Value [pound]m No. 1 Investec Henderson Crosthwaite 1,204.66 38 2 Hoare Govett ...

Corporate Money Top Rights Brokers.
December 6, 2000... Corporate Money Top Rights Brokers by deal value (2000 year to date) Broker Value [pound]m No. 1 Cazenove & Co 1,142.14 3 2 Goldman Sachs ...

Corporate Money Top Nominated Advisers.
December 6, 2000... Corporate Money Top Nominated Advisers by market cap (2000 year to date) Nominated Adviser Value [pound]m No. 1 Peel Hunt 383.93 12 2 Altium Capital 326.42...

Corporate Money Top Placing Underwriters.
December 6, 2000... Corporate Money Top Placing Underwriters by deal value (2000 year to date) Underwriter Value [pound]m No. 1 Investec Bank 1,019.96 27 2 ABN AMRO Rothschild ...

Corporate Money top Rights Underwriters.
December 6, 2000... Corporate Money top Rights Underwriters by deal value (2000 year to date) Underwriter Value [pound]m No. 1 Cazenove & Co 1,025.88 2 2 Goldman Sachs ...

Corporate Money Top Nominated Brokers.
December 6, 2000... Corporate Money Top Nominated Brokers by market cap (2000 year to date) Nominated Brokers Value [pound]m No. 1 Peel Hunt 429.84 14 2 Seymour Pierce Ellis 307.50...